Oil prices retreat as traders weigh potential US-Iran ceasefire and upcoming EIA stockpile report amid mixed geopolitical signals. West Texas Intermediate crude trades around $74.50 in early European trading, extending losses on speculation of a US-Iran ceasefire deal. Rep
Oil prices retreat as markets focus on potential Strait of Hormuz reopening, overshadowing supply risks and weak Chinese demand. Brent crude fell below $80 per barrel as optimism grew over a possible deal to reopen the Strait of Hormuz, a critical oil chokepoint. The decli
Diplomatic progress on reopening the Strait of Hormuz and a surprise 2.69 million-barrel build in US inventories weigh on oil prices. West Texas Intermediate crude fell to $73.80 per barrel in Asian trading Wednesday, retreating from earlier gains as supply risks eased. Th
WTI oil price rises despite diplomatic progress in Middle East West Texas Intermediate oil price appreciates after registering over 5% losses in the previous day, trading around $75.00 per barrel. The price increase comes despite diplomatic momentum building around
Weaker U.S. labor figures and a 5% drop in crude prices eased inflation concerns, lifting gold prices after two sessions of losses. Gold prices advanced Tuesday, recovering from two consecutive declines, as a sharp drop in oil prices and disappointing U.S. jobs data reduce
Proposed framework for shared control of shipping lanes may reduce disruption fears and pressure oil risk premiums. Iran and Oman have agreed on broad outlines for reopening the Strait of Hormuz, shifting focus to implementation details rather than whether a deal will mate
API data shows an unexpected build in crude inventories despite prior draws and ongoing Strategic Petroleum Reserve releases. US crude oil inventories increased by 2.69 million barrels for the week ended July 30, contrary to analyst expectations of a 2 million barrel draw.
China’s rising electric vehicle adoption reduces its vulnerability to disruptions in Hormuz crude shipments, which account for nearly half its imports. China’s expanding electric vehicle market is diminishing its dependence on crude oil transiting the Strait of Hormuz, a c
WTI and Brent crude benchmarks fell over 5% as traders bet on a potential U.S.-Iran agreement easing supply constraints. Oil prices extended losses Tuesday, with West Texas Intermediate sliding $4.70 to $75.64 per barrel and Brent down $4.61 at $79.16. Both hit three-week
Brent crude surges above $100 after Hormuz disruption removes 9.1 million barrels daily, boosting Dune Oil's Turkish asset valuation. Dune Oil Corp's 29% stake in Turkey's Block M47 is valued at $733.5 million net, based on a $63.68 Brent price assumption. The block target
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.